Difference between revisions of "Fuel Prices Lao P.D.R."

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Lao PDR
 
|Fuel Price Country=Lao PDR
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|Fuel Pricing Policies=Fuel prices are regulated by the Price Planning and Marketing Division of the Laos Ministry of Industry and Commerce (→App. A1).
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|Fuel Pricing Policies="Pricing policy: Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, 15 times in 2011, and and 14 times in the first 10 months of 2012. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24)/liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011.  
  
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According to several internet articles, prices are changed by the ministry approx. once per month on average. Prices are calculated separately for the five provinces of Lao, reflecting actual transportation costs. (→App. A1 and A2).
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Information: Lao State Fuel Company, which is government-owned, used to post historical gasoline and diesel prices in the capital and five provinces on its Web site dating back to 2000. As of Feb 2013, the oil price history page was shown as being under construction and only current prices in 16 provinces were shown."
  
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In early 2011, fuel prices rose to record levels. In April 2011, the Lao Government therefore considered ways to subsidize diesel in order to keep the inflation low (as prices of foods and goods depend more on diesel than on gasoline prices). According to an internet article (→App. A3), this subsidy might be paid through rising the tax on premium gasoline, leading to an even higher price difference between the two fuel types.
 
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Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, and 15 times in 2011. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24) per liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. The Lao State Fuel Company, which is government-owned, posts historical gasoline and diesel prices in the Capital and five provinces on its Web site dating back to 2000.
 
  
 
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
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|Fuel Price Factsheet Source Link=http://laovoices.com/lao-government-reduces-fuel-prices/
 
|Fuel Price Factsheet Source Link=http://laovoices.com/lao-government-reduces-fuel-prices/
 
|Fuel Price Factsheet Source Annotation=A2
 
|Fuel Price Factsheet Source Annotation=A2
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}}
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{{Fuel Price Factsheet Source
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|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://indochinastock.vn/2011/04/consumers-set-for-more-pain-as-fuel-prices-rise-117-108378.htm
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|Fuel Price Factsheet Source Annotation=A3
 
}}
 
}}

Latest revision as of 16:00, 25 March 2013

Part of: GIZ International Fuel Price database


Fuel Pricing Policies

Local Currency: LAK
Exchange Rate: 7925


Last Update: 2011/05/01

"Pricing policy: Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, 15 times in 2011, and and 14 times in the first 10 months of 2012. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24)/liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011.

Information: Lao State Fuel Company, which is government-owned, used to post historical gasoline and diesel prices in the capital and five provinces on its Web site dating back to 2000. As of Feb 2013, the oil price history page was shown as being under construction and only current prices in 16 provinces were shown."


(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition.



As stated in (see →App. A3), a fuel tax applies for on gasoline, while there is no taxation on Diesel.

Fuel prices differ by the actual transportation costs to the five provinces of Lao. Within a province, prices are to be homogenous (→App. A1 and A3)

No further information found on fuel price composition; hints welcome!



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight red.png



Sources to the Public

Type of Information Web-Link / Source
Other Information http://indochinastock.vn/2011/04/consumers-set-for-more-pain-as-fuel-prices-rise-117-108378.htm (A3)
Other Information http://www.moc.gov.la/
Other Information http://laovoices.com/government-raises-petrol-prices-again/ (A1)
Other Information http://laovoices.com/lao-government-reduces-fuel-prices/ (A2)
Pump prices and margins http://www.moc.gov.la/ (Information out-dated, as of May 2011)


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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